Finance

Hybrid solar and micro-grids for Guyana

The nation’s cabinet has approved new contracts for solar projects under net metering rules across several regions. Investments include solar micro-grids for disconnected areas, grid-tied installations and hybrid projects.

Brazil sets $51/MWh solar ceiling price in A-6 auction

Some 29.7 GW worth of PV project capacity will compete in the procurement on October 18. Selected solar projects will have to begin delivering power in 2025 and will be awarded a 20-year power purchase agreement.

Enel pegs $1.5bn bond to clean energy performance

The Italian energy company has committed to paying higher returns on today’s fundraising bond if it fails to ramp up its installed renewable energy generation capacity to 55% of its overall total by the end of 2021.

Lithuanian energy ministry issues timeline for renewables auctions

The Baltic nation is heavily dependent on energy imports. A plan for energy independence by 2050 foresees the large scale deployment of renewable energy resources.

Singulus lowers outlook after delayed CNBM order

The German PV equipment provider will not achieve the sales and earnings targets set for this year. CNBM is not expected to place orders for the expansion of its CIGS thin-film production operations in China until the fourth quarter.

Czech utility CEZ further invests in solar

Eastern Europe’s largest utility has decided to acquire a minority stake in Zolar – a German provider of digital solutions for rooftop PV – alongside BayWa r.e. Energy Ventures.

Eric Luo: China will see just 20-25 GW of solar per year through 2025

The GCL System chief executive made comments that fly in the face of an expected solar gold rush in China that analysts predict will start this month. Though rising overseas demand will address overcapacity fears, according to Luo, the soundbite is sure to chill PV boardrooms across the world’s biggest solar market.

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State-owned Panda Green set to open new credit lines

The debt-saddled developer has announced it is now almost 63% owned by Chinese state entities and is seeking to refinance its debt pile with new long-term arrangements, take on fresh debt and issue more shares.

GCL-Poly generates another $349m towards paying down debt

The polysilicon maker has turned a quick $160 million profit from the sale of its stake in a fund it paid $189 million to establish just five months ago. The heavily indebted manufacturer needs to raise funds to pay for its production capacity expenditure.

Softbank injects another $10m into Swedish dye-sensitized solar specialist Exeger

The Japanese multinational lender is making its second investment in the Swedish start-up. The funds will help the company ship its first products next year.

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